One Sector’s Headed Higher: Pete Najarian

The "Fast Money" traders are adding to certain positions, and OptionMonster's Jon Najarian thinks this sector's got plenty of upside.

As the Dow Jones Industrial Average broke above 14,000 intraday Friday, Steven Weiss of Short Hills Capital said he still liked one trade: "Short the bond market."

On CNBC's "Fast Money," Joe Terranova of Virtus Investment Partners said he was adding positions in two stocks: Goldman Sachs, amid a strong financial sector; and Apple, which declined as the broader stock market edged higher.

OptionMonster's Pete Najarian said he also liked financials, and not just the XLF ETF.

"JPMorgan is still under book value," he said, adding that $51 per share would offer a valuation equal to tangible book value.

"The stock is actually going to hit $52 a share," he added.

Trader disclosure: On Feb. 1, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Weiss is long BAC; Steve Weiss is long TBF; Steve Weiss is long RIMM; Steve Weiss is long AIG; Steve Weiss is long C; Steve Weiss is long PCAR; Jon Najarian is long CRR; Jon Najarian is long JPM; Jon Najarian is short CRR calls; Jon Najarian is short JPM calls; Jon Najarian is long IMAX; Jon Najarian is long ANN; Jon Najarian is long TER; Jon Najarian is long WHR.